Industrial Conglomerates

Company Overview of Haier Group Corporation

Company Overview

Haier Group Corporation, through its subsidiaries, provides technology research, product development and manufacturing, trade, and financial services. The company manufactures white goods home appliances, such as refrigerators, household and commercial air conditioners, washing machines, freezers, vacuum cleaners, water heaters, kitchen wares, dishwashers, and microwave ovens, as well as audio and video products, such as televisions and DVD players. It also offers communication and information products, including smartphones, mobile phones, computers, and digital information products; medical raw materials, tablets, capsules, granules, oral liquids, medicine powders for injection, lyophilize...

Haier Group Corporation, through its subsidiaries, provides technology research, product development and manufacturing, trade, and financial services. The company manufactures white goods home appliances, such as refrigerators, household and commercial air conditioners, washing machines, freezers, vacuum cleaners, water heaters, kitchen wares, dishwashers, and microwave ovens, as well as audio and video products, such as televisions and DVD players. It also offers communication and information products, including smartphones, mobile phones, computers, and digital information products; medical raw materials, tablets, capsules, granules, oral liquids, medicine powders for injection, lyophilized powders for injection, and eye drops; digital video phone systems, security monitoring systems, anti-burglary alarms, home environment controls, and access control systems; and networked digital home solutions, as well as high definition liquid-crystal display televisions. In addition, the company provides energy-saving refrigerators in Japan. Further, it offers conference, accommodation, catering, and entertainment services for meetings and conferences; and supply chain management and logistics services. Furthermore, the company focuses on the development of embedded systems, software outsourcing, system integration, and multimedia systems, as well as on the real estate development and investment. It serves customers in the United States, Europe, South Asia, the Asia-Pacific region, ASEAN, the Middle East, Africa, and China. Haier Group Corporation has a strategic cooperation with Honeywell International Inc. The company was formerly known as Qingdao Refrigerator Co., Ltd. and changed its name to Haier Group Corporation in 1991. The company was founded in 1984 and is headquartered in Qingdao, China. It has an administrative center and showroom in Manila, the Philippines.

Haier Group Corporation Key Developments

Haier Group Unveils New 3D Printed Air Conditioner

Mar 18 15

Haier Group has unveiled a new 3D printed fully functional air conditioner in Shanghai, China. Building the object layer by layer, 3D printing allows unprecedented user customization. Every user can parametrically adjust their own model, depending on his/her taste and requirements. Each model is a unique piece. Users can also customize the LCD screen used for displaying the temperature and status. The Chinese firm said new units in the future will come with 3D printed computer boards features, enabling users to further customize accordingly. The move by the Chinese company may prove the potential use of 3D printing technology for a wide range of industries.

Haier Group Plans to Cut Headcount by 10,000 Employees by the End of 2014

Jul 9 14

Haier Group announced that the company plans to cut headcount by 10,000 employees by the end of 2014. In addition, the company plans to lay off 5,000 middle managers in the second half of this year, as part of its efforts in strategy alignment. Noticeably, some workers have quit from the company as a result of their disagreement with its strategy alignment.

Haier Group Reportedly Eyes Additional Stake In Qingdao Haier

Jun 26 14

Haier Group Corporation and person acting in concert bought 899,000 shares in Qingdao Haier Co Ltd on June 25, 2014 according to a recent company announcement. The shareholders expect to buy an additional 23% stake (including the current acquisition) within the next 12 months.

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